Le Merite Exports IPO Date, Lot Size and Price

The IPO date for Le Merite Exports has been ready to louch. Le Merite Exports IPO will be open on 25 April 2022 and IPOs closing date is 28 April 2022. It is NSE & SME based IPO. Cotton fabric, towel and bed-sheet fabric, polyester and viscose material, clothing fabric, coloured yarn, and other products are available from the company.

Le Merite Exports IPO

Le Merite Exports IPO Details

Opening DateApr 25, 2022
Close DateApr 28, 2022
Price BandRs. (To be announced) per equity share
Lot Size(To be announced) Shares
Issue Size (Rs. Cr.)6,400,000 Eq Shares of Rs.10 (aggregating up to Rs.48.00 Cr)
Face ValueRs. 10 per equity share
Issue TypeFixed Price Issue IPO
Exchange BoardNSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Basis of Allotment Date(To be announced) May 2022
Initiation of Refunds(To be announced) May 2022
Credit of Shares to Demat Account(To be announced) May 2022
IPO Listing Date(To be announced) May 2022

Le Merite Exports IPO Date

Le Merite Exports IPO is coming on end of April 2022 and it is going to list on NSE & NSE. The Le Merite Exports IPO open date is Apr 25, 2022, and the closing date is Apr 28, 2022. The company exports its products to domestic and international markets, including 52 countries covering 5 continents.

Le Merite Exports IPO Price

The IPO Price for Le Merite Exports has declared. Le Merite Exports IPO Price is Rs. 75 per equity share. Le Merite Exports IPO will take place on end of April 2022.

Le Merite Exports IPO Lot Size

The Le Merite Exports IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or Rs. 120,000).

Le Merite Exports IPO Allotment Date and Listing Date

The IPO for Le Merite Exports will open on 25 April 2022, and IPO close date is 28 April 2022. The Le Merite Exports IPO Allotment Date is (To be announced) May 2022. This IPO will take 5 days to list. The IPO Listing Date of Le Merite Exports IPO is (To be announced) May 2022.

About Le Merite Exports Limited IPO

Le Merite Exports Private Limited, founded in 2003, is a textile manufacturer and trader specialising in cotton yarn, greige fabric, and completed fabric. The company’s operations are divided into three verticals: yarn manufacture, yarn trade, and greige and finished fabric trading. Didwaniya Yarn Exports Private Limited was the previous name of Le Merite Exports Private Limited. Cotton fabric, towel and bed-sheet fabric, polyester and viscose material, clothing fabric, coloured yarn, and other products are available from the company. Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited are the company’s two subsidiaries.

LMEL is launching a maiden IPO of 6400000 equity shares of Rs. 10 each at a fixed price of Rs. 75 per share to raise Rs. 48.00 crore for incremental working capital (Rs. 34.00 crore) and general corporate purposes (Rs. 11.00 crore). The subscription period for this issue begins on April 25, 2022, and ends on April 28, 2022. A minimum application of 1600 shares is required, with multiples following. Shares will be listed on the NSE SME Emerge after allotment. The issuance accounts for 27.26 percent of the company’s post-issue paid-up capital. The IPO process will cost LMEL Rs. 3.00 crore.

The company sells its goods in both domestic and foreign markets, with 52 countries spread across five continents. To diversify into noncotton yarn products, the Company has formed two subsidiary companies.

Le Merite Filament Private Limited: The Company owns 51 percent of the equity capital of Le Merite Filament Private Limited, which was founded on October 8, 2021, with the goal of diversifying into the business of trading polyester yarn, viscose yarn, synthetic fibres, staple fibres, worsted yarn, lycra yarn, and other types of fibre, whether texturized, twisted, sized, dyed, or otherwise. Le Merite Filament Private Limited has not yet begun operations.

Le Merite Laxmi Spinning Private Limited: The Company owns 49 percent of the equity capital of Le Merite Laxmi Spinning Private Limited, which was formed on December 15, 2021, with the intention of diversifying into the business of trading polyester yarn, viscose yarn, synthetic fibres, staple fibres, worsted yarn, lycra yarn, and other varieties of fibre, whether texturized, twisted, sized, dyed, or otherwise. Le Merite Laxmi Spinning Private Limited is yet to commence operations.

Promoters of Le Merite Exports IPO

The company’s promoters are Abhishek Lath, Umashankar Lath and Sweta Lath. 


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Le Merite Exports IPO FAQs

What is Le Merite Exports IPO?

The Le Merite Exports IPO is a small business IPO with a total of 6,400,000 equity shares with a face value of Rs. 10 and a market capitalization of Rs. 48 crores. The issue’s price per equity share is Rs.75.  1600 shares is the minimum order quantity.

When Le Merite Exports IPO will open?

The Le Merite Exports IPO opens on Apr 25, 2022 and closes on Apr 28, 2022.

What is the lot size of Le Merite Exports IPO?

The IPO lot size for Le Merite Exports is 1600 shares, and the minimum order amount is 1600 shares.

How to apply for Le Merite Exports IPO?

You can apply for the Le Merite Exports Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When Le Merite Exports IPO allotment?

The basis of allotment for the Le Merite Exports IPO will be finalised on (To be announced) May 2022, and the allotted shares will be credited to your demat account by (To be announced) May 2022.

When is Le Merite Exports IPO listing date?

The Le Merite Exports IPO listing date is (To be announced) May 2022. The tentative date of Le Merite Exports IPO listing is (To be announced) May 2022.

Who is the registrar of Le Merite Exports IPO?

Bigshare Services Pvt Ltd is the registrar for Le Merite Exports IPO.

What is Le Merite Exports IPO Price Band?

Le Merite Exports IPO price band is Rs. 75 per equity share.